Velas Launches $5 Million Funding Program

Velas is proud to announce the launch of a $5 million funding program to support the growth of the Velas ecosystem and expand our reach in the new Web 3.0 epoch

Today we are announcing the launch of a major funding program for projects to build upon the Velas Blockchain, driving innovation to the fastest blockchain on the planet — to the tune of $5 million total.

We are inviting projects and developers to join our ecosystem of user-friendly, transparent and privacy-respecting products built on top of the Velas blockchain. Just port your code from Ethereum, or develop on our native chain, to deploy your application within minutes.

For full technical details on the Velas Funding Program, click HERE.

Investment sizes can be up to $100,000 per project. The general Grant Program is designed to fund projects covering a wide range of topics, including, but not limited to:

  1. DeFi-related and DEX-related products
  2. NFT-related solutions
  3. Games and gaming;
  • Educational — games that ease entrance for those not familiar with blockchain technology or background
  • Innovative games uniting blockchain and cryptocurrencies with AI, VR/AR and other high-tech domains. We will support teams and developers who are more experienced in high-tech domains with their development on blockchain.
  • Crypto gamification
  • Other games (strategies, collectibles, card games, etc)

4. dApps that unite the Velas blockchain with traditional sectors — Banking, Healthcare, Manufacturing, etc. We support teams from different domains who use blockchain to solve real business problems

5. Adoption of dApps — solutions that aid the adoption of cryptocurrencies and blockchain on a wide scale.

We will also actively encourage developers to create solutions that increase decentralization and transparency within the Velas Ecosystem.

All projects will be tracked on GitHub. Teams can apply for grants more than once, but they need to successfully complete their previously allocated project before receiving additional funds.

  • Recruiting

We assist startups to hire Top Tier talent (engineers, community builders, business developers)

  • Networking

We assist startups with connections to investors, funds and accelerators.

  • Marketing

We assist startups in engaging with the key exchanges, find opinion leaders, and build viral marketing campaigns.

  • Grants

We provide grants for the creation of new tools and projects to increase the utility of Velas.

  • Technical

Our experienced developers will assist with the technical side of the startup projects.

  • Research

We assist startups with all necessary research before going to market to explore new opportunities.

  • We will require the project’s goal(s) and scope, alongside intentions for use if receiving the funding provided by Velas
  • A business plan/whitepaper for the project/ product
  • We require the project or product/ service to be built on the Velas blockchain
  • Velas requires the technical features and value proposition provided by this initiative
  • We will also require the background and experience of the team
  • Go to market strategy and user acquisition plan
  • The project, timelines, targeted deliverables at each milestone, and estimated efforts to deliver on the plans provided
  • The amount of funding requested and payment method preferred
  • We’d like to hear how your project benefits the Velas ecosystem
  • An executive summary and a pitch deck

All code produced as part of a grant must be open-sourced, and it must also not rely on closed-source software for full functionality. We take licensing and copyright compliance very seriously. Using others’ work without attribution or indicating that it’s not your work will lead to immediate termination. Please contact us before submitting if you have any doubts about licensing matters, and we’ll be happy to help.

  1. To apply for the Velas Grant Program, fill out an application form.
  2. Team applications should be submitted by one representative for the project, containing up-to-date contact information, experience, and the portfolio of all team members who would be involved in working on the task.
  3. Application forms will be reviewed within 14 working days and selection results will be sent to the email provided during the application.
  4. If a proposal is successful, further communication will be required to determine specific details around timelines and payment schedules.
  5. Feedback will occur throughout the grant process.
  • Who can join?

The Velas Funding Program applies to any qualified specialist/s that will bring real benefits to the Velas ecosystem. This applies to established projects, teams of developers, and anyone else capable of bringing innovation to the Velas Blockchain.

  • How do I apply?

You can apply at any time. To get started, click this.

  • What are the requirements for the project?

Applications and submissions must be in English language. Anyone contributing within the funding program must ensure a high level of personal and professional ethics and morals.

  • Can I provide suggestions for the Grant/Investment categories, process or anything else?

Yes, we welcome all feedback, discussion and suggestions. You can send your suggestions to info@velas.com

  • What is the size of investments offered?

The more difficult and higher priority of the task, the higher the reward will be (up to $100,000). Multiple Fundings can be provided, however completion of the previous allocated task must be completed first.

  • Why should I build on Velas?

The Velas Funding Program is designed to support the growth of the Velas ecosystem and expand our reach in the new Web 3.0 epoch.

  • What is a decentralized application?

dApps, or decentralized applications, are a software application that runs on a distributed network. The application must be run on Velas blockchain.

  • What is the application process?

The application process consists of 4 review rounds: initial approval of the concept, team within 2–4 weeks — face to face meeting with founders — high level research about the company — ask for the terms and a second meeting.

  • How long will the program last?

Intensive acceleration & investment period average continues for 6 months.

Any suggestions are accepted by email info@velas.com

We’re proud to welcome innovative and exciting new projects, products and services to the Velas family, and welcome a massive expansion in the usecase of the Velas Blockchain, taking advantage of our best-in-class TPS, throughput, and developer support. The Velas Funding Program helps push the Velas Blockchain to be the most attractive, powerful chain in the entire crypto sector.

For full technical details on the Velas Funding Program, click HERE.

Velas is Artificial Intuition-operated DPoS Blockchain and Ecosystem for secure, interoperable, extremely scalable transactions. Visit: www.velas.com